Question

Which of the following statements best explains globalisation?

• A. It is political cooperation among countries.
• B. It is a process of integration between companies.
• C. It is a process of economic integration between countries.
• D. It is buying and selling of goods by the different states of the same country.

Answer 1

The correct option is C It is a process of economic integration between countries.

Globalisation is the global integration of economies with no restriction on exchange of goods, services, capital, labour, and technology.